Third Barclays Trader Faces U.S. Charges in FX Scandal

DOJ alleges Bogucki tried to rig options at expense of HP
Trader ordered to appear in California court for trial

The Empire State Building stands in the Manhattan skyline at dusk in this aerial photograph taken above New York, U.S., on Friday, June 19, 2015. The Standard & Poor's 500 Index fell, with the gauge dropping below its price for the past 50 days, while Treasuries retreated.
Photographer: Craig Warga/Bloomberg

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By Marcus Wright, Suzi Ring, and Patricia Hurtado

January 17, 2018 at 4:37 AM UTC

Updated on

January 17, 2018 at 8:49 PM UTC

This article is for subscribers only.

The former head of New York foreign exchange trading at Barclays Plc’s investment bank became the lender’s third trader to face U.S. charges related to market manipulation, as prosecutors pursue officials responsible for misconduct that has led to $10 billion in fines.

Robert Bogucki, 45, faces seven charges over his role in a multimillion-dollar front-running scam that defrauded Hewlett-Packard Co., the U.S. Justice Department said Tuesday. The case relates to the manipulation of foreign-exchange options before HP’s $11 billion takeover of Autonomy Corp. in 2011, according to prosecutors.